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Bitcoin: Up? Down? How about both.

Is BTCUSD going up or down? There is no realistic way you can tell me, so don’t. The real “man” for this trade says: “Who cares. I will make money either way.”

Deribit has at-the-money put options, expiring in 10 days for $130 USD to buy. The trade is simple: Go long 1 coin and buy 2 put options (That is your ratio). If BTCUSD goes up, you need a move to about $2,800.00 to break even. If it goes that high, it will likely break through $3k. If BTCUSD goes down, you need about $2,200.00 to be profitable over your cost of the option plus the loss on the long position.

Easy trade. Bitcoin will move but no rational person knows which direction at this point.